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Part 4 · Law Corporations

35. Concurrent appointments in law corporation and in related Singapore law practice

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(1)

The exception to section 157(3)(a) of the Act is that a solicitor who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

(2)

Section 157(3)(b) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director, a consultant or an employee of a law corporation; and

(b)

a director, a consultant or an employee of another law corporation that is related to the law corporation.

(3)

Section 157(3)(c) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner, a consultant or an employee of a law firm or limited liability law partnership that is related to the law corporation.

(4)

Section 157(3)(d) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

the sole proprietor of a law firm that is related to the law corporation.

(5)

The exception to section 157(5)(a)(i) of the Act is that a regulated foreign lawyer who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

(6)

Section 157(5)(a)(ii) of the Act does not apply to a regulated foreign lawyer who holds concurrent appointments as —

(a)

a director, a consultant or an employee of a law corporation; and

(b)

a director, a consultant or an employee of another law corporation that is related to the law corporation.

(7)

Section 157(5)(a)(iii) of the Act does not apply to a regulated foreign lawyer who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner, a consultant or an employee of a law firm or limited liability law partnership that is related to the law corporation.

(8)

The exception to section 157(5)(b)(i) of the Act is that a regulated non‑practitioner who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

(9)

Section 157(5)(b)(ii) of the Act does not apply to a regulated non‑practitioner who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a director or an employee of another law corporation that is related to the law corporation.

(10)

Section 157(5)(b)(iii) of the Act does not apply to a regulated non‑practitioner who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner or an employee of a law firm or limited liability law partnership that is related to the law corporation.

Subregulation 1

The exception to section 157(3)(a) of the Act is that a solicitor who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

Subregulation 2

Section 157(3)(b) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director, a consultant or an employee of a law corporation; and

(b)

a director, a consultant or an employee of another law corporation that is related to the law corporation.

Subregulation 3

Section 157(3)(c) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner, a consultant or an employee of a law firm or limited liability law partnership that is related to the law corporation.

Subregulation 4

Section 157(3)(d) of the Act does not apply to a solicitor who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

the sole proprietor of a law firm that is related to the law corporation.

Subregulation 5

The exception to section 157(5)(a)(i) of the Act is that a regulated foreign lawyer who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

Subregulation 6

Section 157(5)(a)(ii) of the Act does not apply to a regulated foreign lawyer who holds concurrent appointments as —

(a)

a director, a consultant or an employee of a law corporation; and

(b)

a director, a consultant or an employee of another law corporation that is related to the law corporation.

Subregulation 7

Section 157(5)(a)(iii) of the Act does not apply to a regulated foreign lawyer who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner, a consultant or an employee of a law firm or limited liability law partnership that is related to the law corporation.

Subregulation 8

The exception to section 157(5)(b)(i) of the Act is that a regulated non‑practitioner who is a director or an employee of a law corporation may hold shares in another law corporation that is related to the law corporation.

Subregulation 9

Section 157(5)(b)(ii) of the Act does not apply to a regulated non‑practitioner who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a director or an employee of another law corporation that is related to the law corporation.

Subregulation 10

Section 157(5)(b)(iii) of the Act does not apply to a regulated non‑practitioner who holds concurrent appointments as —

(a)

a director or an employee of a law corporation; and

(b)

a partner or an employee of a law firm or limited liability law partnership that is related to the law corporation.

Report

Part 5

Singapore Group Practices

Part 6

Joint Law Ventures, Formal Law Alliances, Foreign Law Practices, Representative Offices and Foreign Interests in Singapore Law Practices

Part 7

Miscellaneous

Schedules